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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers can use a model created by compensation professionals.
B) Managers can create their own models and use them.
C) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D) Managers cannot share a model created by them.
E) Access of a model is limited only to the creator of the model.
F) A model can be shared with the direct reports of the creator.

2. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Set the preferred currency in the worksheet
B) Display the corporate currency
C) Enable currency switching
D) Use fast formula to display the employee currency using conversion rates

3. Which five tasks can be performed by a compensation manager?

A) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
B) Promote and rate worker performance while allocating compensation.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Allocate compensation.
E) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
F) Review and approve work of Superior Manager.

4. Which three statements are true regarding Plan Cycles?

A) Active plans are available to be cross-referenced, except plans with no started cycles.
B) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
C) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
D) All active plans are available to be cross-referenced, even plans with no started cycles.
E) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.

5. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) The above scenario does not stand true as the item can be deleted.
B) More than one administrator might be using the item and, therefore, it cannot be deleted.
C) The item cannot be deleted, because it is attached to a category.
D) Before deleting the item, you must configure a zero value behavior for the item.

Solutions: